Georgia HPP project of 13.7 MW to get EBRD funding
» Georgia HPP project of 13.7 MW to get EBRD…
The European Bank for Reconstruction and Development (EBRD) has approved lending USD 6.9 million (EUR 6.1m) for the construction of 13.7 MW of hydropower plants (HPPs) in Georgia.
In a press release on Friday, the EBRD said it will provide the financing as part of an up to USD-14-million long-term senior loan under the Risk Sharing Facility (RSF) with TBC Bank. The funds will be extended to special purpose vehicle Aquahydro Ltd, owned by Georgia-based Aqua Energy LLC.
The HPP project envisages the development and construction of three plants in Georgia’s Svaneti province, in the northwestern parts of the country. The facilities, named Nakra, Khelra and Ipari, will be built at a total cost of USD 19.6 million.
Construction Company Black Sea Group is expected to buy an up to 40% interest in the project, which is anticipated to save 13,000 tonnes of carbon dioxide (CO2) emission annually.
Source: Renewables Now
Tata Power synchronizes 186MW Shuakhevi hydro power project in Georgia
Indian energy company Tata Power said that its joint venture company Adjaristsqali Georgia (AGL) has synchronized the 186MW Shuakhevi Hydro Power Project (HPP) in Georgia. The joint venture partners of Tata Power in AGL are Clean Energy Invest AS Norway (Clean Energy) and IFC InfraVentures (IFC), World Bank group member. Tata Power also said that…
Nenskra HPP Project Public Hearings to Be Held in Chuberi and Nakra
Nenskra Hydropower Plant Project Company, JSC Nenskra Hydro, will hold yet another round of public hearings on the project’s Environmental and Social Impact Assessment (ESIA) report for the population of villages of Chuberi and Nakra, on 22-23 and 24 of August, respectively. Public hearings will be held in a format of open house sessions: from…
Armenia’s investment potential presented to Chinese investors
YEREVAN, AUGUST 17, ARMENPRESS. Armenia’s commercial to China Hrant Abajyan presented Armenia business environment, investment attractiveness, potential and the existing opportunities, as well as a number of investment programs in infrastructures, road construction, mining industry, production, agriculture and energy fields to Chinese businessmen and investors on August 16 in Beijing, press service of the Armenian…